Lloyds Banking Group’s (LON:LLOY) “Outperform” Rating Reiterated at Credit Suisse Group

Credit Suisse Group reissued their outperform rating on shares of Lloyds Banking Group (LON:LLOY) in a research report report published on Thursday, November 16th. Credit Suisse Group currently has a GBX 80 ($1.08) target price on the financial services provider’s stock.

A number of other equities analysts have also weighed in on the stock. UBS set a GBX 85 ($1.14) price objective on shares of Lloyds Banking Group and gave the stock a buy rating in a report on Tuesday, November 14th. Goldman Sachs Group set a GBX 55 ($0.74) price objective on shares of Lloyds Banking Group and gave the stock a sell rating in a report on Wednesday, November 8th. Royal Bank Of Canada restated an outperform rating and issued a GBX 90 ($1.21) price objective on shares of Lloyds Banking Group in a report on Friday, October 27th. Berenberg Bank restated a sell rating and issued a GBX 55 ($0.74) price objective on shares of Lloyds Banking Group in a report on Thursday, October 26th. Finally, Barclays restated an overweight rating on shares of Lloyds Banking Group in a report on Thursday, October 26th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of GBX 75.88 ($1.02).

Lloyds Banking Group (LLOY) traded down GBX 0.23 ($0.00) during mid-day trading on Thursday, hitting GBX 65.15 ($0.88). 141,580,836 shares of the stock traded hands, compared to its average volume of 140,000,000. Lloyds Banking Group has a 1 year low of GBX 56.93 ($0.77) and a 1 year high of GBX 73.58 ($0.99).

In other Lloyds Banking Group news, insider Antonio Horta-Osorio bought 4,833 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were purchased at an average cost of GBX 66 ($0.89) per share, for a total transaction of £3,189.78 ($4,293.11). Also, insider George Culmer bought 101,589 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were acquired at an average price of GBX 66 ($0.89) per share, for a total transaction of £67,048.74 ($90,240.57). Insiders have bought a total of 111,907 shares of company stock worth $7,385,802 over the last 90 days.

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Lloyds Banking Group Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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